FINANCIALS ARE OUT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
[ Business | US Market | Industry | IPO | S&P | International | PRNews | BizWire | Finance Home ]
Thursday April 16, 2:01 pm Eastern Time
Company Press Release
SOURCE: Peacock Financial Corporation
Peacock Financial Corporation Announces Year End Results
SAN JACINTO VALLEY, Calif., April 16 /PRNewswire/ -- Peacock Financial Corporation (OTC Bulletin Board: PFCK - news) announced today its fiscal year
and results as of December 31, 1997. Net income per share was 2 cents versus net income of 1 cent per share for the same period last year. Revenue for 1997 was
$2,075,386 versus $3,369,000 in 1996. Net income was $222,009 versus $140,803 for the same period last year.
Steve Peacock, president of Peacock Financial Corporation, stated that the 1997 increase in earnings are as a result of the Company's efforts to reduce debt and to
streamline operations in preparation for its new role as the real estate management arm of the Hawthorne Group, Ltd., the Company's new capital partner.
The Hawthorne Group, Ltd. is an international investment fund manager headquartered in Nassau, Bahamas, with over $13 billion in assets under management.
The information contained in this news release contains certain forward- looking statements that involve risks and uncertainties, such as the statements of the
Company's plan, objectives, intentions and, in particular, its expectation of getting funded by the Hawthorne Group, Ltd. The Company's actual results could differ
materially from those indicated by such statements as a result of various factors, many of which are outside control of the Company, including those discussed in the
Company's Form 10-KSB and Form 10- QSB on file with the SEC.
SOURCE: Peacock Financial Corporation
More Quotes and News:
Peacock Financial Corp (OTC BB:PFCK - news)
Related News Categories: banking
Help
|
